{"id":105870,"date":"2020-10-15T12:35:00","date_gmt":"2020-10-15T11:35:00","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=105870"},"modified":"2020-10-15T12:35:00","modified_gmt":"2020-10-15T11:35:00","slug":"104554-eur-gbp-trades-above-0-90-but-inside-descending-channel","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/104554-eur-gbp-trades-above-0-90-but-inside-descending-channel\/","title":{"rendered":"EUR\/GBP: Trades above 0.90 but inside descending channel"},"content":{"rendered":"<ul>\n<li><strong>EUR\/GBP is muted at 0.9025\/30 after rebounding off a 5 week nadir of 0.9007, yesterday<\/strong><\/li>\n<li><strong>The pullback from\u00a0 channel &amp; bullish MACD indicate further upside<\/strong><\/li>\n<li><strong>200-HMA, bearish chart pattern signals weakness<\/strong><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">EUR\/GBP hovers at 0.9030 early in\u00a0 the European session on Thursday after tanking to the lowest level in 5 weeks the previous day. However, it failed to break through the 7 day-descending trendline as it rebounded off 0.9007.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">MACD supports the pullback pointing to challenges for a 200-HMA level of 0.9076.The 0.9050 round-figure could provide immediate resistance.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The 0.9100 resistance and the channel resistance line at 0.9115 could come into play, should EUR\/GBP advance above the key HMA.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Sellers of EUR\/GBP have struggled at 0.9000 psychological level which follows the channel\u2019s support of 0.9004 and the yesterday\u2019s low of 0.9007.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A move below 0.9000, could open the door to August lows of 0.8970 and July\u2019s low at0.8940.<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>EUR\/GBP is muted at 0.9025\/30 after rebounding off a 5 week nadir of 0.9007, yesterday The pullback from\u00a0 channel &amp; bullish MACD indicate further upside 200-HMA, bearish chart pattern signals weakness EUR\/GBP hovers at 0.9030 early in\u00a0 the European session on Thursday after tanking to the lowest level in 5 weeks the previous day. However, [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":5569,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1379],"tags":[],"class_list":{"0":"post-105870","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eur","8":"category-gbp"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>EUR\/GBP: Trades above 0.90 but inside descending channel - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/104554-eur-gbp-trades-above-0-90-but-inside-descending-channel\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Fiona Cincotta\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104554-eur-gbp-trades-above-0-90-but-inside-descending-channel\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104554-eur-gbp-trades-above-0-90-but-inside-descending-channel\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"EUR\\\/GBP: Trades above 0.90 but inside descending channel\",\"datePublished\":\"2020-10-15T11:35:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104554-eur-gbp-trades-above-0-90-but-inside-descending-channel\\\/\"},\"wordCount\":149,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104554-eur-gbp-trades-above-0-90-but-inside-descending-channel\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100624-gbp-eur-no-deal-brexit-fears.jpg\",\"articleSection\":[\"EUR\",\"GBP\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104554-eur-gbp-trades-above-0-90-but-inside-descending-channel\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104554-eur-gbp-trades-above-0-90-but-inside-descending-channel\\\/\",\"name\":\"EUR\\\/GBP: Trades above 0.90 but inside descending channel - 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